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Job description / Role
- To liaise with banks for multiple banking activities: solutions, fund transfers, swift messages, currency management ...etc.
- To prepare PDP schedules and prepare - release of Pre-delivery payments as per contract on due dates as per agreed terms and conditions.
- To ensure interest credited is as per agreed terms and conditions.
- To review and submit bank reconciliation of all bank accounts including smart card accounts by 15th of every month.
- To review and prepare JV for change in fair value of Investment on a monthly latest by 2nd of every month and submission of Investment schedule on monthly basis.
- To review and submit reconciliation of funds transfer control - recharge account.
- To ensure reinstatement of foreign currency bank balances and necessary entry passed prior to GL closure.
- To establish LC’s – BG’s as per the contractual requirement and ensure Lease LC’s renewal and other BG renewal on due dates. Fortnightly confirmation to Management on the LC - BG report and renewal confirmation.
- To maintain and protect of all LC;s along with its amendments through proper filing - upkeep.
- To update Board sitting fees schedule and ensure reconciliation carried as per GL. To ensure submission Board sitting fees schedule on a quarterly basis.
- To submit confirmation of balance to all banks including lenders on an annual basis, follow up response from banks - lenders and submit the confirmation to Auditors on a timely manner.
- Review of Banking Accounting and Payment Queries activities to ensure automation, system improvement and simplification of process initiatives are taken on a continuous basis.
- To coordinate and liaise with Internal, External and State auditors related to Treasury audits and ensure no adverse remarks.
- To assist sectional colleagues - to carry out other activities of the section as and when assigned by the superior.
Requirements
- Bachelor degree in a related discipline preferably in accounts / finance with Two years experience in a similar role, OR College Diploma in Accounting/Finance with Four years experience in a similar role.
- Any additional certificate will be an advantage.
About the Company
Oman Air, the flagship company of the Sultanate of Oman's Civil Aviation sector, commenced operations in 1993. Starting off as a regional player, Oman Air, as Oman's national carrier has witnessed rapid growth in the last 14 years. Oman Air has played a major role in making Muscat a major traffic hub in the Middle East providing a fillip to commercial, industrial and tourism activities.
As a full-fledged commercial airline of Oman, Oman Air has striven to maintain high performance standards in all aspects of its operation. The Oman International Services was established in the year 1970 & later Oman Aviation Services was founded on 1981 to extend services to the other airlines in terms of cargo handling, ground handling etc.
The Oman Air fleet consists of most modern and fuel- efficient aircraft with aesthetically designed interiors. Ultra- modern in-flight service equipment is deployed onboard to improve safety and overall performance. Investment in new technology, planning and product innovation has propelled Oman Air to the forefront of the aviation industry.